Why Is Rich Dad Poor Dad Teach To Be Rich

Throughout Robert Reich article Why the Rich Are Getting Richer and the Poor, Poorer, discusses about the growing gap between the upper and lower class in modern society. Reich’s article is certainly an eye opener regarding unemployment, and how it is currently surfacing from the shortage of technology and education. Through the text Reich uses a firm metaphor to describe how the economy is like a boat that constantly moves up and down the current portraying the upper class and working class. This boat however is extremely important because it is a boat we are all currently in and one is sinking faster than the other and that one is rising; here Reich is distinguishing the different types of social classes. However, the rich are yet getting

In 1879 Henry George wrote an article titled “Progress and Poverty”. In this article he discussed the ongoing industry and he stated that “the wealthy class is becoming more wealthy; but the poorer class is becoming more dependent.

While they were only getting richer with their corrupt methods, the poorer classes were getting poorer because of the money they spent on the capitalists’ goods. In “The Robber Barons of Today, 1889”, the robber barons are seen with their “knightly” attire while the poor pay “tribute” to them. (Doc D) It represents the poor paying the “amazing” capitalists and being subservient for the goods they need. Also, in Henry George’s Progress and Poverty, 1879, it said that the gulf between the classes is getting wider and wider. Because of the industrial tycoons taking the poor’s money, they are getting richer. They are also providing fewer jobs since the industries usually have one major company for a particular manufacturing, and so “the poorer class is becoming more dependent” on the capitalists to provide jobs and goods. (Doc A) The robber barons took the poor’s money to become wealthier and to feed their greed while worsening the gap between the social

Writer Gregory Mantsios in his article “Class in America”, talks about these things, and how wide the gap is between the rich and the poor and also discusses how the rich continue to get richer, while the poor continue to get poorer. Mantsios gives his readers the profiles and backgrounds of three hard-working Americans, two of them are white males, whose family background as well as education played a role in their success, while the other person is a black woman who is just above the poverty line despite her work as a nurse’s aide. Through these profiles, Mantsios article shows exactly how sex, race and shows how your parental and educational background of a person can play a role in the things that you achieve. Mantsios also talks about one’s performance in school and the level of school completed can suggest whether or not class that person may belong in.

The readings examined how classism has negatively affected economics in the United States, how oppression manifests in taking financial advantage of groups of people who cannot advance financially, and systemic issues contributing to low wage and inability to move out of one’s social class. I was struck by the idea that most people in the United States are disadvantaged financially based on the way the country has set up its economic policies. From the beginning, black people have been oppressed by the inability to attain wealth, which continued through the end of WWII. I unnecessarily read a chapter speaking about financial companies targeting poor people, particularly people of color, with money schemes so they are losing their hard-earned money to fees and interest rates. This scheme continues to keep people in debt and living paycheck to paycheck. I related to the reading about college loans creating a paradox that students with degrees enter the workforce unable to find a job in their their field of study. Then the added paradox of not being able to find work making

Supposedly, both the individuals with ascribed statuses with hereditary wealth and the poor and homeless have equal chances to become successful although, Orestes Bronwnson in The Laboring Classes, pointed out that this is not true. “Do the young man inheriting ten thousand pounds and the one whose inheritance is merely the gutter, start even?” (219). As a result, the harsh separation of the rich and the poor, where capitalism thrives and,” the division of the community into two classes, one which owns the funds…the other provides the labor” (216). The inhumane apprehension of a capitalist society that keeps its workers “in a permanent system, [has] given preference to the slave system” (214) says a lot about the evils of capitalism corresponding with the false American Dream. An outcome of capitalism is the frustrating rivalry between the poor. “There’s more people! That’s what’s ruining the country. The competition is maddening”

In today’s capitalist economy, where economic transactions and business in general is centered on self-interest, there is a natural tendency for some people to make more than others. That is the basis for the “American Dream,” where people, if they worked hard, could make money proportional to their effort. However, what happens when this natural occurrence grows disproportional in its allocation of wealth within a society? The resulting issue becomes income inequality. Where a small portion of the population, own the majority of the wealth and the majority of the population own only a fraction of what the rich own. This prominent issue has always been the subject of social tension

In Edward McClelland’s essay “RIP, the Middle Class: 1946-2013,” McClelland discusses to his audience that the middle class is slowly vanishing and soon enough we will only be left with the rich and the poor. Throughout the essay, McClelland uses various examples to demonstrate how the middle class will no longer exist. McClelland talks about how education is vital for pursuing a job at a reasonable pay that a person can live off of. Before, people were able to leave high school and go straight into a job with a pay that could support them. Nowadays, the same jobs that were supporting people before require a lot more education and still aren’t giving enough money that will allow them to live comfortably. Even though there are still jobs people can thrive at that will make more money without a serious education , the middle class is struggling to make it economically, because it is harder to find a job without education and financially it’s harder to make ends meet.

Chapter six: The author discusses the symptom of being poor, and the illness of being poor. What does the author mean? Do you agree with him? Explain. How does the poverty line right now compare to 100 years ago? Why is America like a real life version of “Revenge of the Nerds?” What’s so important about Human Capital?

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

On top of it all the rich seem to get richer, spending their money on bigger houses, better cars, always trying to out do each other while the middle class continues to struggle. Paul Krugman describes this very well by saying,

This fact remains accurate after government attempts at wealth redistribution such as taxes. This shows that the government is not successful at helping to redistribute wealth and the dramatic increases in wealth of the rich while the poor barely improve show the inefficacy of the “trickle-down economy” model. To figure out why the 10% is gaining wealth so quickly, the people that make up this small group must be analyzed. The top 10% is essentially comprised of three main groups: superstars, CEOs, and high-income professionals. However, the incomes of superstars and CEOs are increasing more rapidly than those of the high-income professionals (Belsie). While the incomes of high-income professionals and superstars are market driven, they do not benefit from the same rate that CEOs do.

(27) There is a demarcation between the classes beginning with the rich elite, the upper upper class and the lower upper class. Those with inherited wealth are placed above those with self-earned wealth while those with great wealth are distinguished from those with a moderate amount of wealth. They are stable within their ranks, not dependent upon the economic climate of the country to sustain their positions. The upper middle class belongs to those people who are doing well and whose position also is not likely to change with the economic climate of the country. The middle class is comprised of people who are relatively comfortable and can afford a minimal number of luxuries. The working class can afford very few luxuries and are just getting by. Their position, like the middle class is subject to change with socio-economic changes in the country. The working poor cannot actually make ends meet and often become displaced workers with the ability to plummet down into the lowest class. They are not usually able to access the minimal comforts of the working class. The Underclass is a desperate position whose ranks lead substandard lives with no amenities and little chance for mobility.

Unemployment is one of the major causes for economic troubles for the poor. In Elizabeth Warren’s America Without a Middle Class, it is said that today one in five American’s is unemployed. Today, America is risking the formation of a new underclass. An article Soaring Poverty Casts Spotlight on ‘Lost Decade’ by Sabrina Tavernise adds to this increasing unemployment rate by saying that “young, less-educated, mainly men, can’t support their children and form stable families because they are jobless.” Not having a job is one of the main causes as to why the under class is drowning in debt and why they have no money.

As we are told in text three, there is a difference between poor and wealthy people. The studies have shown that an increase in income makes poor